CLOUDBEES SECURES US$245 MILLION IN NEW FINANCING

KUALA LUMPUR, Dec 13 (Bernama) -- CloudBees, the leading software delivery platform for enterprises, announced it has closed a US$150 million Series F financing round at a pre-money valuation of US$1 billion, and also closed a US$95 million debt facility to accelerate growth. (US$1 = RM4.210)

The financing was led by client vehicles advised by Goldman Sachs Asset Management Private Credit (Goldman Sachs Asset Management), with new investments from funds affiliated with Morgan Stanley Private Credit (Morgan Stanley) and Bridgepoint Capital, along with repeat investors HSBC, Golub Capital, and Delta-v Capital.

The new capital will be used by CloudBees to advance and accelerate product innovation, recruit and develop talent, expand its footprint in markets like Asia Pacific, and broaden its global and regional partnerships, according to a statement.

“CloudBees shapes the way some of the most sophisticated businesses deliver software and innovation to their customers. It’s how enterprises compete and win in a world that is transformed by the continuous delivery of meaningful, secure, and compliant digital experiences,” said CloudBees Chief Executive Officer (CEO), Stephen DeWitt.

“This investment round will help CloudBees achieve new levels of innovation, attract and grow talent, and expand globally.”

This year, CloudBees brought on new executive leadership, including CEO Stephen DeWitt who joined the company in February.

In addition, CloudBees has attracted new executive team members with deep experience in scaling high-growth enterprise software companies, including at SAP, Splunk, Cobalt, RedHat, Cloudera, and PayPal.

Since its previous funding round in 2018, CloudBees has announced new products for continuous integration, continuous delivery, release orchestration, feature management, analytics, and continuous compliance.

It has also acquired leading companies to bolster its product portfolio and offerings, including CodeShip, Electric Cloud, Rollout, and Neuralprints.

More details at www.cloudbees.com.

-- BERNAMA